Bitcoin hit $61,343 last night, its highest price since September, and Ethereum was approaching $2,400. There may be greater volatility after the Federal Reserve's interest rate decision is released tomorrow. (Preliminary summary: Will the Fed cut Bitcoin by 2% and Bitcoin will plummet? You should pay more attention to the two key points after the Fed’s decision) (Background supplement: Cutting interest rates will not save Bitcoin? Bitfinex warns of 3 major concerns that BTC may fall below $50,000 ) Bitcoin continued to rebound after hitting a low of $57,431 at midnight yesterday (17th), and quickly rose after 10 p.m., once touching $61,343 at 23:15, the highest price since September. However, subsequent selling pressure emerged and it failed to continue rising. It began to fluctuate and fall after 0:00 today (18th). At the time of writing, it was quoted at US$60,202, with the increase in the past 24 hours converging to 4.34%. Since the Federal Reserve will announce its interest rate meeting in the early morning of the 19th, please be careful of violent price fluctuations. BTC trend. Source: OKX The trend of Ethereum is close to that of Bitcoin but is relatively declining. It reached a maximum of $2,394 last night and then fell. At the time of writing, it was trading at $2,323, up 2.32% in the past 24 hours. ETH trend. Picture source: OKX’s entire network liquidated $134 million in the past 24 hours. Against the background of Bitcoin’s rally, according to Coinglass data, in the past 24 hours, the liquidation amount of cryptocurrency contracts across the entire network reached $134 million, of which short orders liquidated $82.39 million. U.S. dollars accounted for the bulk, and more than 50,000 people were liquidated. CEX Bitcoin Deposit Addresses Drop to Lowest Level in Recent Years The number of deposit addresses on Bitcoin exchanges has dropped to 132,100, the lowest level in years, according to a recent CryptoQuant research report. To some extent, the number of investors selling Bitcoin on spot exchanges continues to decrease, which may indicate that selling pressure is easing. Julio Moreno, head of research at CryptoQuant, told The Block: Overall, lower exchange deposits may reduce selling pressure as there are fewer Bitcoins available for sale. However, Moreno also added that when exchanges see fewer deposits, it may not just indicate less interest in selling Bitcoin, it may also mean less demand for Bitcoin overall as traders bet on the price rising. Less and less. Some traders deposit money into derivatives exchanges to open long positions, betting on rising prices, and in this regard, the decline in deposits may also indicate reduced demand for Bitcoin. Related reports The focus tonight is not just non-agricultural employment! The unemployment rate is also the key to whether the Federal Reserve will cut interest rates by 2 digits. U.S. bonds have risen for 4 consecutive months. Is the market "on the eve of a big tsunami"? Citi predicts: The Fed will slash interest rates by 5% this year. Essence of Ball's speech "The time has come to cut interest rates, the fight against inflation is successful, and the rising unemployment rate is not an economic recession!" "Bitcoin's $61,000 hit a new high in September, exchange BTC stocks continue to decline" This article was first published in BlockTempo's "Dongqu Trend - the most influential blockchain news media".